Employment Practices Liability Insurance

Does Your Business Need Employment Practices Liability Coverage?

As more laws are enacted for workplaces, employers face a higher risk of lawsuits. The likelihood of discrimination lawsuits is especially high. In order to minimize this risk, employers need to create a workplace that offers workers equal rights, opportunities, job access, working conditions, job security and opportunities for advancement. They must also strive to create a workplace that is in compliance with federal employment guidelines for mature and disabled workers. During the time period between 1992 and 2004, the number of individual discrimination charges jumped from 72,302 to 79,432 annually. These figures, which were collected by the Equal Employment Opportunity Commission, include all types of discrimination filings.


Business Interruption Insurance

Why Business Interruption Insurance Is Important

To ensure the survival of a company, business interruption insurance is a valuable tool. Although some companies may never use it, having this coverage can be the difference of recovering from a detrimental event or closing the doors forever. Business interruption coverage is just as important for any business as flood insurance is for an oceanfront business. Most people would never start a company without insuring their property and inventory from storms, vandals and perils.


recall-contamination-insurance

Why Businesses Need Product Liability, Recall and Contamination Insurance

Companies that design or sell tangible items should consider product liability insurance. Anything from foam slippers to boxed macaroni can be manufactured incorrectly enough to result in lawsuits. Some food products become contaminated and make people sick. Other items may be designed poorly and cause physical harm to customers or their personal property. Product liability insurance is an add-on coverage for a general liability policy.


Insurance for Green Construction

Get Insurance For Green Construction

A study by the U.S. Green Building Council estimated that environmentally-friendly, or “green” construction, would grow at a compound annual rate of 9.5 percent between 2014 and 2019. Traditional property insurance products do not adequately cover these innovative construction methods and materials. In recent years, the insurance industry has unveiled new coverages to help cover environmentally-friendly buildings and property.


What Types of Insurance Do You Need for Your Small Business?

What Types of Insurance Do You Need for Your Small Business?

There are four types of insurance that most small businesses purchase. The first is property insurance. This type of coverage provides compensation if business property is damaged, stolen or lost. In addition to covering the physical business structure, property insurance covers personal property. This includes inventory, office furnishings, raw materials, computers, machinery and other items that are part of business operations. Property insurance coverage doesn’t end with protecting physical assets. It also affords operating funds when business owners must take steps to get their business back on track following major loss. Property insurance may provide coverage for broken equipment in some cases. It may also provide coverage for water damage, debris removal following a fire and several other specific items.


Errors & Omissions Insurance

If You’re a Professional, You Need Errors & Omissions Insurance

A consultant recommends that a client purchase and implement software to automate certain manufacturing processes. An update to the software causes it to crash repeatedly, forcing the client to shut down its production lines for 10 days until a fix is available. The client sues the consultant for giving bad advice.

A new commercial building develops a roof leak following heavy rains. An investigation shows that the roof structure is insufficient for handling torrential rains common to the area. The owner

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Business Owner Tax Deductions 2016

Businesses Owners and Self-Employed: You Can Still Reduce Tax Liabilities For Tax Year 2016

Most of the big opportunities for business tax deductions slammed shut as of January 31st, but not all of them! If you want to send less money to the IRS this year, and keep more of your business’s money for the benefit of you and your employees, there are still some things you can do.

Make SEP IRA Contributions

If you are sitting on some cash, you may want to make contributions to a Simplified Employee Pension plan. If you don’t have

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Lower Your Commercial Auto Insurance Premiums

How to Lower Your Commercial Auto Insurance Premiums

The top two factors affecting your commercial auto insurance premiums haven’t changed. The primary drivers of commercial auto premiums are still very basic: Your history of claims, and the driving records of your individual drivers.  It follows, then, that you can get a lot of value out of focusing your hiring on mature, experienced, responsible drivers. Once you have selected solid people, the next step is to enforce safety standards and provide them with adequate rest and the tools they

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Product Liability Insurance

Product Liability Insurance Basics and Why You Might Need It

If your company manufactures any kind of product, from cupcakes to car parts, computers to clothing, it could easily find itself on the wrong side of a lawsuit by a plaintiff claiming your product(s) caused some kind of injury or damage. In today’s litigious society, it is not even necessary for you to be the manufacturer of the product. Sellers are often sued alongside the manufacturers. That is where product liability insurance comes in.

It’s only natural that people want to

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Drug Testing Laws

What Employers & Employees Should Know About Drug Testing Laws

With the exception of some heavily regulated industries such as nuclear energy, military contracting and transportation, federal laws do not specifically address drug testing. However, many states and local governments regulate this practice. In most cases, the necessity of testing is left up to the discretion of the employer.

Drug Testing Prospective Employees

As a rule, state laws permit employers to test prospective employees for drug use. Drug testing is performed at the expense of the employer. Some states only permit drug

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